bloomshorts Asian stocks were mostly higher on Monday while oil prices saw a decline, setting the stage for the highly anticipated talks between US President Donald Trump and Ukrainian President Volodymyr Zelensky, alongside European leaders in Washington.
The recent summit between Trump and Russian President Vladimir Putin in Alaska ended without a ceasefire agreement for Ukraine, leaving many to wonder about the future of the region’s stability. Zelensky, however, has hailed a US offer of security guarantees to Ukraine as “historic,” signaling a potential shift in the geopolitical landscape.
Financial markets are reacting to these developments, with Japan’s Nikkei reaching new heights and other Asian markets following suit. Meanwhile, oil prices continue to fluctuate, reflecting the uncertainty surrounding Russia’s role as a major crude producer.
Investors are now keenly awaiting any hints on US interest rates from the Federal Reserve’s annual retreat at Jackson Hole, which could further influence market dynamics in the coming week.
